Mart Resources Announces Appointment of Directors
June 03 2008 - 9:11AM
Marketwired Canada
Mart Resources, Inc. (TSX VENTURE:MMT) - The Board of Directors of Mart
Resources Inc.,(the Board) are pleased to announce the appointments of Michael
J. Perkins and Walter Wakula as Directors of the Company effective immediately.
These new appointments are consistent with Mart's growth strategy and are made
in anticipation of the Company's increasing development drilling, increasing
production operations and corporate activities.
Mr. Perkins is a partner with Borden Ladner Gervais LLP, Barristers and
Solicitors having over 27 years of experience with respect to the practice of
law in the areas of natural resources, securities, mergers, acquisitions,
corporate/commercial and debt financing. He also has extensive experience as an
officer and director of numerous companies either listed or previously listed on
the TSX Venture Exchange, the Toronto Stock Exchange or NASDAQ.
Mr. Wakula has had a distinguished career with over 25 years of experience as a
senior executive and a corporate director in the oil, gas, energy and banking
industries. He has acted as a corporate CEO, CFO, director and board chair and
as senior advisor to government ministries and to businesses in transition,
typically to the next stage of growth. He has sourced capital globally for
operations in six countries and led numerous financing, M&A and other project
initiatives. Wakula is currently the President, CEO and Chair of Firesteel
Resources Inc., a publicly traded junior mining company, Chair of Blacksteel Oil
Sands Inc, a junior oil sands company and Chair of Foothills Global Capital
Group Inc., a private equity group. Educated at the University of Manitoba and
the University of Calgary, Wakula studied engineering, computer science and
business. He holds a Bachelor of Commerce degree in accounting and an MBA in
finance and is a certified corporate director holding the Institute of Corporate
Directors' ICD.D designation.
The Board is extremely pleased with the addition of these experienced and
qualified individuals and they anticipate valuable contributions from them as
Mart moves ahead to the next phases of the Company's development.
The Board also announces that Dr. Philip Nelson has resigned as a director of
the Company for personal and business reasons. Dr. Nelson served as a director
of Mart for over six years during which time he was instrumental in positioning
Mart's involvement in its many projects. The Board wishes to thank Dr. Nelson
for his dedication, loyalty and support of the Company.
Mart also announces the issuance of options to acquire 700,000 common shares of
the Corporation to its new directors and options to acquire 400,000 common
shares to two recently appointed officers of the company. The options are
exercisable at $0.62 per common share expiring on the fifth anniversary from the
date of the option grant.
Certain statements in this News Release constitute forward-looking statements.
Such forward-looking statements involve risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the company
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.
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